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Binance Academy
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5 Exit Strategies for Traders
Key Points
Exit strategies such as stop-loss, take-profit, and trailing stop facilitate risk management and profit locking without the influence of emotions.
Proper risk management and exit strategies are important for any trader who wants to maintain discipline and succeed in the long run, especially in volatile cryptocurrency markets.
Exit strategies such as stop-loss, take-profit, and trailing stop facilitate risk management and profit locking without the influence of emotions.
Proper risk management and exit strategies are important for any trader who wants to maintain discipline and succeed in the long run, especially in volatile cryptocurrency markets.
Binance Academy
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The Psychology of Market Cycles
What is market psychology?
Market psychology is a set of ideas that price movements reflect or are influenced by the emotional state of participants. This is also one of the main topics of behavioral economics, or rather its parallel field of study, which studies the factors that precede various economic decisions.
Market psychology is a set of ideas that price movements reflect or are influenced by the emotional state of participants. This is also one of the main topics of behavioral economics, or rather its parallel field of study, which studies the factors that precede various economic decisions.
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